/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

[Hot Dog]

That's not pouring gas into a fire. That's throwing the security locks of a primed nuclear bomb through the room without anyone catching it. What they should consider: this issue has left wing nutjobs and right wing nutjobs agreeing on something. that is the scary part. Trump was somehow able to bring some of the middle left on his side but he couldn't do enough. Now we have basically a moment of unity where most are laughing and agreeing that this is funny. The only thing they should consider is how to fix this clearly broken and sick system so that all who are willing to play fair and responsible (hahahahaha) are treated equally.

A few outlets even tried the "muh Russia" defense. It's like it's implanted in their brains lol.

I don't see any good outcomes from this other than the entertainment. The current administration is clearly against it and will probably try to quietly fuck the winners over.

 

[Bloody bunny]

That's not pouring gas into a fire. That's throwing the security locks of a primed nuclear bomb through the room without anyone catching it. What they should consider: this issue has left wing nutjobs and right wing nutjobs agreeing on something. that is the scary part. Trump was somehow able to bring some of the middle left on his side but he couldn't do enough. Now we have basically a moment of unity where most are laughing and agreeing that this is funny. The only thing they should consider is how to fix this clearly broken and sick system so that all who are willing to play fair and responsible (hahahahaha) are treated equally.

Well, We could always Use there blood to water the tree of liberty if they turn on us.

 

[Shqueefa]

Welp robinhood sold my stock on me yesterday since they're pieces of shit. I assume there's no way to buy more since everything is locked tight til we try the real science ™

 

[Simple Moving Average]

It depends.

A few assumptions to make the math a little easier for me: GME opens on Monday morning at $300 per share. During Friday's trading, the hedgies somehow buy enough GME to bring the short float down to 100% by Friday's closing bell, meaning that Friday's after hours and Monday's pre-open trade is just shuffling deck chairs on the Titanic. Melvin Capital is reportedly on the hook for $1b for every $12 over a $20 share price (let's assume that all the other shorts have buggered off and decided to let Melvin take one for the team).

$300 - $20 = $280
280/12 = 23.33

viz. the shorts would be about $23b in the hole in this example.

Given that some of the larger hedgies have trillions in assets, even a loss of $20+ billion is a drop in the bucket for the overall market.

Bear in mind that this is a very simplified explanation, and doesn't include other factors such as interest paid on shorted stock. Please let me know where/if I've fucked up.

My first reply here. Interest paid i.e. cost to borrow was at ~30% for existing shorts and ~50% for new shorts. It's been rumored to have increased to ~80% and ~100% respectively. Note that these figures are per diem, not per annum.

 

[Pocket Dragoon]

I doubt they have that money on hand. These people are addicts. They had that money spent before they had it.

The GameStop thing disrupted their plans. It is an unexpected expense at the worst possible time.

Addicts have a predictable path when that happens; first they'll beg, then they steal, and it doesn't matter from who.

And given that these particular addicts have the biggest trust-fund baby parents and paid-for jannies imaginable (i.e our current US government and finance institutions), they don't even need to do the stealing themselves.

 

[White Devil]

Welp robinhood sold my stock on me yesterday since they're pieces of shit. I assume there's no way to buy more since everything is locked tight til we try the real science ™

I have a feeling Robinhood is going to get class actioned into oblivion once this is over. They have completely murdered their reputation.

 

[waffle]

I like the "we can stay retarded longer than they can stay solvent" meme as much as the next GME-hodling shitposter. But there's a mathematical question behind that joke, and the resolution of the short squeeze:

Does Melvin/Citadel actually have the money to backstop?

Everybody assumes "no", because shorts are supposed to have infinite loss potential. But if you roll the positions as you acquire gleanings of stock, and pay off the earliest expiring shorts, and bully your counterparties into accepting delayed payment to meet the timings, you can keep it going forever... provided you have a lot of money.

But could they have that kind of money available to bail out the entire system? Is it possible for the system to have that much cash on hand to keep itself going?

Just gonna leave this here. No reason, felt doomed, might delete later..

View attachment 1882147

As long as enough people hold and keep buying to hold they can't close the shorts because they don't have enough volume and then amount they owe will infinitely spiral.

Keep in mind they have to mill through all of the shares, and then some again to close all the shorts - as long as diamond hands pick up whatever shares move to cover Melvin/citadel/blackrock's bill increases infinitely because at some point all of the investors who aren't in the wolf pack will have sold or joined and there won't be enough volume.

The other thing, is, what if some large block of the optioned stock is held by somebody who decides their diamond hands are taking them to the moon? Melvin could pay back massive blocks of the short, but instead going right on the market so Melvin can use it again the guys who sold the option have a pretty strong incentive to hold any that gets returned.

 

[Lone MacReady]

Welp robinhood sold my stock on me yesterday since they're pieces of shit. I assume there's no way to buy more since everything is locked tight til we try the real science ™

Just keep your eyes and ears peeled for coming class action suits. Crowdfunding is absolutely gonna destroy some of these jews ala Sandmann lawsuit. If it is legislated away, then hopefully both "sides" will finally understand that physical rebellion time has long come for our Tribe-owned/controlled gubmint.

 

[General Disarray]

OK so I caught up a bit and, seeing as how we're either fun- or doom-posting, I believe the fellow Kiwis who have outlined how this was all coordinated and planned. Therefore, I have only this to offer:

 

[Overly Serious]

Just keep your eyes and ears peeled for coming class action suits. Crowdfunding is absolutely gonna destroy some of these jews ala Sandmann lawsuit. If it is legislated away, then hopefully both "sides" will finally understand that physical rebellion time has long come for our Tribe-owned/controlled gubmint.

I've a feeling they're going to try and make RobinHood the fallguy. Remember, RH is a small player compared to Capital and Melvin. Don't let them wriggle out of this.

Separately, RIP Linus's homelife.

 

[EyelessMC]

As long as enough people hold and keep buying to hold they can't close the shorts because they don't have enough volume and then amount they owe will infinitely spiral.

Keep in mind they have to mill through all of the shares, and then some again to close all the shorts - as long as diamond hands pick up whatever shares move to cover Melvin/citadel/blackrock's bill increases infinitely because at some point all of the investors who aren't in the wolf pack will have sold or joined and there won't be enough volume.

The other thing, is, what if some large block of the optioned stock is held by somebody who decides their diamond hands are taking them to the moon? Melvin could pay back massive blocks of the short, but instead going right on the market so Melvin can use it again the guys who sold the option have a pretty strong incentive to hold any that gets returned.

Let's hope most of our heroes didn't use Robin Hood

Edit: https://archive.md/84Xsf
And for those who were so retarded to think there wasn't collusion going on among richfags...

 

[Cynically Insane]

The market and the entire economy were in deep shit before WSB decided to play short stop. It is a house of cards propped up by toothpicks. The fed goes Brrrr and eventually that house of cards is going to fall hard. I see the fall of Rome. The economists I pay attention to have seen this is coming since 2010. They saw the utter failure of the government to address the issues that caused the housing crisis. WSB may serve as a catalyst but the shit was going to hit the fan this year anyway. This is better though because it has been officially revealed that emperor has no clothes. Brokerages closing people's position at a third their value is quite the look behind the curtain.

Spoiler: Tin foil thoughts.

When I reflect on the past few years I can't help but see this as more than just exploiting a crisis. Even down to the virus itself I am beginning to 'feel' more and more like we are be prepped for something. Did we discover a way to use hydrogen (in the form of water) as fuel? Are aliens about to colonize? (I know it sounds nuts but it really isn't that far out of the realm of possibility), Is there a new type of weapon of mass destruction they can't have us knowing about? Maybe Sars Cov-2 was a chinese power play and warning if we don't get in line they will take us down with biological warfare. Maybe a drug or virus that enables telepathic-like abilities exists. I swear we are about to get big news that may change the way we go about our lives. I realize these hypotheses sound tin foil hat insane, but 10 years ago I was laughing at preppers and 5 years ago I was saying that no man would pretend to be a woman to prey on them. My ability to suspend disbelief has been has been dramatically heightened.

I would be remiss if I didn't remind everyone to HODL. Diamond hands good, paper hands bad. Even though it sounds like the refrain from Orwell's better book, Animal Farm.

 

[LurkTrawl]

Are aliens about to colonize?

They're in for some shit if they try.

 

[TerribleIdeas™]

I have never seen a thread with this much solidarity on KF.
God Bless.
We fight and hate each other on every other topic.
Here we are one.

EVERYONE-
WE GO TO THE MOON, TOGETHER!

Fuck jannies, though.

Power, and money for what? What are they going to do with it? What happens afterwards? What's the end goal?

If the elites were really so brilliant to be able to mastermind covid and the lock downs than this whole gme things would of never happened. It would of been shut down at the start.

The government is just equal parts incompetent and too arrogant to ever admit they made a mistake.

Forgive me, but I just don't have proper mindset for it.

I'm not rich, and I just don't have the mind of someone who is. I understand wanting money, and power, but I just don't see what they can't already do with the amount they already have. Yeah, they could rule over us 1984-style, but what's the fun in that? Wouldn't you want to use all the stuff for more entertaining things? And if not, why not go even farther with it? I understand pettiness, but all of this just seems really boring and mundane to me.

I don't know. I just don't see a proper end goal with this shit, at least not one that I can see the fun in, and maybe that's for the best.

Think of the huge lolcows in the HAES threads.

They don't need more food. They just want it. They don't know why.

To use a little pop culture: They've got a hole inside of them. All of them do. They're missing something and all the money, all the power, all the killing, all the power of life and death over other people will never fill that hole, but they try anyway.

To go a little further into pop culture: They're Romero zombies. It doesn't matter how much they've eaten, they want more. They don't know why they want it, they just do.

And the biggest evils have been enabled and been somewhat mundane and banal.

You guys are putting way too much thought into all of this - Psychopaths don't needs excuses, or goals, and people are lazy, and will often do whatever they have to, so they can be left alone. There doesn't have to be any kind of conspiracy, there just has to be psychopaths in power (and seeking powerful positions correlates highly with psychopathy) that are willing to weaponize absolutely anything into a crisis, and tired, demoralized people that will just keep eating shit, because it's easier than risking the scraps you have.

The only problem is that everything that's happened in the last 4 years, and especially in 2020, is beyond the capacity of the average person to handle, and the cracks are starting to show.

 

[Shqueefa]

Let's hope most of our heroes didn't use Robin Hood
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Edit: https://archive.md/84Xsf
And for those who were so retarded to think there wasn't collusion going on among richfags...
View attachment 1882841

Stuff like this should make people very worried because it shows how much power big tech has by removing voices and how a simple phone app can have control over your freedoms. Of course the average person is a moron and talks about how AOC is a queen for slaying when she doesn't care about market and is a socialist. Social media has rotten the American people's brains.

 

[DeadwastePrime]

Welp robinhood sold my stock on me yesterday since they're pieces of shit. I assume there's no way to buy more since everything is locked tight til we try the real science ™

did you at least make a profit?

 

[Shqueefa]

did you at least make a profit?

Made close to 200 out of it but the big factor is an app can decide what they want to do with my investments and block me from doing what I please with my money.

 

[draggs]

Dont worry guys someone will build their own internet brokerage that doesnt have a faggot TOS and then all the clearing houses and banks and payment processors and shit will refuse to do business with such an economic terrorist enterprise why dont you go build your own planet if you dont like it herpderp

tldr do your business through Europe or Asia from now on before they get pozzed too

 

[Shqueefa]

Dont worry guys someone will build their own internet brokerage that doesnt have a faggot TOS and then all the clearing houses and banks and payment processors and shit will refuse to do business with such an economic terrorist enterprise why dont you go build your own planet if you dont like it herpderp

Took the words right out of my mouth that I was gonna post in a bit. Can't wait for the PS5 to make you stand up and say "Black Trans Lives Matter" to continue the movie game on your console.

Can't wait for bitcoin to surge after this and (((they))) will say to ban it becuase of "terrorists."

 

[CarlKingofDucks]

Didnt realize there was some based black man ranting on fox about this thats pretty cool.